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Crypto Markets Experience Minor Setback as Major Coins Dip, While Select Tokens Buck the Trend
21.2.2024
On Wednesday, the crypto market experienced a modest downturn, with a 1% decrease in its overall value across the board, as bitcoin and ethereum saw declines of 0.51% and 0.45%, respectively. Bitcoin momentarily reached the $53,000 mark the day prior, while ether soared past the $3,000 threshold...
Affected by the National Stock Market Downturn, Chinese Investors Have Flocked to Gold
1.2.2024
Chinese investors have been buying gold as an investment, motivated by the poor performance of traditional stock and property options. According to World Gold Council (WGC) reports, China had the largest demand for gold for jewelry and investment purposes in 2023. This, and the demand from central...
‘Bond King’ Bill Gross Predicts Q4 Recession: Loan Delinquencies and Regional Banks in the Crosshairs
24.10.2023
Bill Gross, revered as Wall Street’s ‘Bond King,’ foresees a recession clouding the U.S. economy by the year’s final quarter. He pinpoints the burgeoning issue of overdue car payments and the financial strains beleaguering regional banks as catalysts for the impending...
Defi Sector Navigates an Extended Crypto Winter: TVL Dips to February 2021 Levels
2.9.2023
The realm of decentralized finance (defi) is grappling with the aftermath of the sweeping crypto market slump that marked the close of August. As it stands, the total value locked (TVL) in defi, pegged at $37.59 billion, has plummeted to a low last witnessed in the second week of February 2021....
NFT Sales Slide for Third Consecutive Week Amid Crypto Downturn
2.9.2023
Sales of non-fungible tokens (NFTs) have taken another hit, declining over 10% from the previous week, with transactions totaling $85,046,840 since Saturday, August 26, 2023. This marks the third consecutive week of falling NFT sales, reflecting the broader crypto economy’s downturn and...
Bitcoin Miners Navigate Record Challenges and August’s Dual Difficulty Hike
23.8.2023
Bitcoin miners faced another uphill battle this month, marking the second straight increase in mining difficulty. On August 22, at block height 804,384, the difficulty surged by 6.17%. This fresh peak in Bitcoin’s difficulty sets a new record, intensifying the challenge for miners...
XRP Value Plunges 39% Post-SEC Verdict: XRP Army Remains Optimistic Amid Market Turbulence
22.8.2023
It’s been 40 days since the U.S. court issued a partial verdict in the SEC’s case against Ripple. In that timeframe, the digital currency XRP’s value has slumped by a significant 39.43%. Despite SEC’s Interlocutory Appeal and 39% Downturn, XRP Enthusiasts Hold out for...
Legendary Investor Jeremy Grantham Predicts Inevitable US Recession, Challenges Fed’s Forecast
20.8.2023
A significant portion of investors and financial organizations surmise that the U.S. could avert a recession, but Jeremy Grantham, the co-founder of investment firm Grantham Mayo Van Otterloo (GMO), deems it inescapable. Grantham contends that the Federal Reserve’s optimistic prognosis...
BRICS Summit Looms: Expert Warns of ‘Dramatic’ Shifts, US Dollar’s Wane, and Wall Street’s Blind Spots
18.8.2023
Market expert Peter Grandich is urging the masses to keep a close eye on the BRICS bloc of burgeoning countries, hinting that specific partnerships might usher in “dramatic” ramifications. In just five days, the much-awaited BRICS Summit will convene, and Grandich believes...
Amid Gold’s Recent Slide, Experts Predict a Shining Future with Potential Highs Beyond $2,500 by 2024
13.8.2023
In recent times, gold and silver have faced a downtrend, with gold losing over 2% of its value in the past month and silver tumbling more than 5% against the U.S. dollar. Even amid gold’s rather uninspiring performance this last month, David Neuhauser, the founder of the investment company...
Wall Street Divided: Treasury Yields Surge Sparks Intense Debates and Divergent Bets
8.8.2023
In recent weeks, Treasury yields have skyrocketed, igniting a Wall Street dispute over whether the precipitous sell-off is now overextended. A small group of prominent investors are wagering that bond prices will bounce back following the abrupt escalation in rates. Hedge Funds Place Bold Wagers...
Navigating the Storm: Defi’s Precarious Position Amid a String of Exploits and Market Declines
4.8.2023
In the wake of July’s unprecedented wave of decentralized finance (defi) breaches, including Curve Finance’s staggering $62 million exploit, the defi economy has plummeted into a gloomy state. Hovering perilously close to dipping beneath the $40 billion threshold, the total value...
Poll: Majority of Americans See US Economy in Decline
3.8.2023
Despite months of increasingly positive economic indicators, a majority of Americans still believe the economy is worsening, according to a new CNN poll. CNN Poll Reveals Majority See Worsening Economy The survey of 1,279 adults found that 51% think the U.S. economy remains in a downturn that...
AI Crypto Economy Suffers $1.42B Loss Since February Peak; Top Tokens Record Weekly Declines
24.7.2023
In February 2023, the AI-driven cryptocurrency sector reached a staggering $4 billion in value. Yet, it has since experienced a downturn of $1.42 billion. Over the last week, eight of the top 10 AI-based crypto tokens saw declines against the U.S. dollar. Downturn Hits AI Crypto Market Once...
Binance US Records Massive Discrepancies as USD Exchange Rates Plummet by 16% in July
17.7.2023
As of July 17, 2023, fresh data indicates a concerning rise in discrepancies between Binance US’ exchange rates and the global average. Initially, at a mere 2% to 5% in late June, the disparity sharply soared to an astonishing 16% by mid-July. Even though bitcoin lingered just above $30,000...
Experts Warn of Impending Recession in the US as Survey Reveals 59% Chance by July 2024
14.7.2023
A recently published survey by Bankrate reveals that there is a 3-in-5 likelihood of a recession occurring in the United States within the next year. Bankrate’s survey of economists firmly indicates that the chances of a recession taking place in the U.S. are greater than the chances of...
JPMorgan Outlines 4 Global Outlook Scenarios — Warns of ‘Boil the Frog’ Recession as Global Downturn Looms
27.6.2023
Global investment bank JPMorgan has presented four probable global outlook scenarios, with “boil the frog” recession emerging as the most likely outcome. The bank’s economists warned: “Broad-based developed-market tightening points to a more synchronized global downturn sometime...
Macro Strategist David Hunter Predicts Global Markets’ ‘Melt Up’ Surge in Q4 2023, Followed by Impending ‘Bust’
23.6.2023
David Hunter, the chief macro strategist at Contrarian Macro Advisors, predicts an interesting development for global markets in the fourth quarter of 2023. According to him, global markets will experience a remarkable surge, aptly described as a “melt up.” However, this surge will...
Bitcoin Records Over 12 Million Ordinal Inscriptions, Miners Accumulate $46 Million as BRC20 Market Cap Declines
18.6.2023
As of June 18, the latest figures reveal over 12.49 million Ordinal inscriptions have been recorded on the Bitcoin blockchain. The inscription trend has yielded substantial gains for bitcoin miners, who have accumulated 1,732 BTC equivalent to $46 million using today’s exchange rates....
Economist Steve Hanke Warns of an ‘Ugly’ Recession Looming and Accuses Federal Reserve of Directionless Policies
17.6.2023
Steve Hanke, an economist and professor of Applied Economics at Johns Hopkins University, as well as a former member of Ronald Reagan’s Council of Economic Advisors, recently expressed his belief that the U.S. Federal Reserve is lacking direction and “doesn’t know what it is doing.” Hanke...